Inflation ‘will soar to 50-year high of 18.6% by end of January’
Inflation ‘will soar to 50-year high of 18.6% by end of January’
A doubling of the energy price cap could send inflation ‘into the stratosphere’ (Picture: Reuters)
UK inflation will hit a staggering 18.6% at the start of next year if a huge expected hike in the energy price cap goes ahead, economists have warned.
Investment firm Citi is the latest of several major forecasters predicting that the UK’s ceiling on retail energy prices will double in the next four…